Market Commentaries

27 Dec

Santa Visits Wall Street

Stocks rallied 1.6% this holiday week with the Dow advancing to its 50th record high of the year the day after Christmas. A rise in business confidence helped extend the market’s positive sentiment coming off of last week’s Fed tapering announcement. This week, the durable goods orders report revealed a jump in November that more…

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20 Dec

Markets Cheer Taper

Markets rallied to record highs Wednesday on the Fed’s announcement that it would taper its stimulus program. When the Fed first hinted at a reduction in asset purchases back in May, the markets experienced a series of “taper tantrums” causing stocks to dip and long-term interest rates to spike. Stocks’ positive response to the announcement…

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13 Dec

Signs Stack Up for Taper

Following last week’s busy economic calendar, this week was relatively quiet. Politics in Washington and this week’s retail sales report were largely overshadowed by the anticipation of the Fed’s meeting next week. Markets have slid -2.1% in December, just slightly detracting from the 22.8% rally this year. News emerged on Tuesday that leaders in Congress…

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